Showing posts with label St. Louis. Show all posts
Showing posts with label St. Louis. Show all posts

Friday, June 7, 2013

Monsanto Says Rogue Wheat in Oregon May Be Sabotage

Rather amusing considering Monsanto has sued hundreds of small farmers for unwittingly harvesting GMO crops they never intentionally planted. 

Monsanto the world’s largest seed company, said experimental wheat engineered to survive Roundup weedkiller may have gotten into an Oregon field through an “accidental or purposeful” act.

Monsanto and the U.S. Department of Agriculture are investigating how genetically modified wheat that hasn’t been approved for commercial planting was found growing on an Oregon farm eight years after nationwide field tests ended.

Monsanto’s genetic analyses found the variety hasn’t contaminated the types of seed planted on the Oregon farm or the wheat seed typically grown in Oregon and Washington state, Chief Technology Officer Robb Fraley said today on a call with reporters.

The unapproved wheat was found growing on less than 1 percent of the farmer’s 125-acre (51-hectare) field, Fraley said.

“It seems likely to be a random, isolated occurrence more consistent with the accidental or purposeful mixing of a small amount of seed during the planting, harvesting or during the fallow cycle in an individual field,” Fraley said on the call.

Asked whether the St. Louis-based company is suggesting the incident could be an act of sabotage, Fraley said, “That is certainly one of the options we are looking at.”

Fraley said he doesn’t mean to suggest the farmer who made the discovery is responsible. Read more >>
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Monday, April 29, 2013

People Making Over $100K Received Unemployment Benefits in 2011

With all the media panic about sequestration, one would think a study finding billions of dollars of fraud in a government program would be national news.

Apparently not, for with few exceptions, a report published by the St. Louis Federal Reserve last week finding $3.3 billion in fraudulent unemployment claims in 2011 got almost no attention:

The unemployment insurance program in the U.S. offers benefits to workers if they lose their jobs through no fault of their own. In 2011, this program cost $108 billion, of which nearly $3.3 billion was spent on overpayments due to fraud.

Unemployment insurance fraud occurs when an ineligible individual collects benefits after intentionally misreporting his or her eligibility. Recent headlines have brought attention to extreme forms of fraud, such as the collection of unemployment benefits by prisoners. The dominant form of unemployment insurance fraud, however, is what's called concealed earnings fraud. This fraud occurs when individuals collect unemployment benefits while they are employed and are earning wages. The overpayments due to concealed earnings accounted for almost $2.2 billion in 2011, two-thirds of the total overpayments due to all categories of fraud. Read more >>
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